364
364
Oct 16, 2011
10/11
by
KNTV
tv
eye 364
favorite 0
quote 0
sales tax, you pay more in taxes. >> more people will pay less in taxes. more people will pay less in taxes. >> mr. cain, we talked to independent analysts ourselves. >> yes. >> we're not just reading newspaper clips here. >> i understand. >> they tell us they've looked at this based on what's available and it's incontrovertible. there are people who will pay more. >> that's right. some people will pay more. but most people will pay less is my argument. >> who will pay more? >> who will pay more? the people who spend more money on new goods. the sales tax only applies to people who buy new goods. not used goods. that's a big difference that doesn't come out. >> for those 30 million americans who don't pay income tax, including 16 million elderly americans, you concede they would, in fact, pay more. >> not the elderly. that's two different groups. let's talk about the elderly. you don't pay taxes on your social security income. it replaces the capital gains tax. many of the elderly make money off of their investments, they won't pay that. tax on dividends a
sales tax, you pay more in taxes. >> more people will pay less in taxes. more people will pay less in taxes. >> mr. cain, we talked to independent analysts ourselves. >> yes. >> we're not just reading newspaper clips here. >> i understand. >> they tell us they've looked at this based on what's available and it's incontrovertible. there are people who will pay more. >> that's right. some people will pay more. but most people will pay less is my argument....
358
358
Nov 27, 2011
11/11
by
KNTV
tv
eye 358
favorite 0
quote 1
raising taxes slows the economy. raising taxes kills jobs. government spending does not create jobs. the idea that if you take a dollar out of the economy and then -- from somebody who earned it, either through debt, or through taxes, and give it to somebody that's politically connected, that there are more dollars around, but if you stand on one side of the lake and put a bucket into the lake, and walk around to the other side in front of the tv cameras, pour the bucket back into the lake and announce you're stimulating the lake to great depth, we just wasted $800 billion on stimulus spending that added to debt, that killed jobs. >> but the notion that tax cuts or tax increases somehow impact economic growth, we know historically that's simply not the case. president clinton raised taxes during boom times. president bush lowered taxes, did not spur great job creation. isn't that one of the falsehoods that peddles in washington? >> no. if you take a look at when you cut marginal tax rates, the strong growth in the last six years of the '90s s
raising taxes slows the economy. raising taxes kills jobs. government spending does not create jobs. the idea that if you take a dollar out of the economy and then -- from somebody who earned it, either through debt, or through taxes, and give it to somebody that's politically connected, that there are more dollars around, but if you stand on one side of the lake and put a bucket into the lake, and walk around to the other side in front of the tv cameras, pour the bucket back into the lake and...
76
76
Apr 5, 2015
04/15
by
KNTV
tv
eye 76
favorite 0
quote 0
. >> the only problem we have is the city tax. there is case law and guys in federal prison right now, because they paid a tax onkstax, they are in prison. >> he fears it would confirm his sale of an illegal drug. >> this is our indoor facility where we grow our medicine. >> reporter: he believes he doesn't owe the tax because he is running what he calls a close looped collective. >> these are just the samples of what is in the bowls. >> reporter: growing it to his customers, he says they're not customers and growing the pot is an equitable contribution and not a sale. >> are you paying taxes for the city right now? >> we are not. >> reporter: dave hodges owns the american cannabis club. >> well she is a little misinformed. that is a conversation i'm going to have to have when i get back to the shop. >> reporter: the truth is the all-american cannabis club has not paid taxes. david hodges has been non-compliant for four and a half years, in inunpaid taxes and penalties. >> i want to pay sales taxes, but when i do i admit i'm selli
. >> the only problem we have is the city tax. there is case law and guys in federal prison right now, because they paid a tax onkstax, they are in prison. >> he fears it would confirm his sale of an illegal drug. >> this is our indoor facility where we grow our medicine. >> reporter: he believes he doesn't owe the tax because he is running what he calls a close looped collective. >> these are just the samples of what is in the bowls. >> reporter: growing it...
874
874
Dec 21, 2015
12/15
by
KNTV
quote
eye 874
favorite 0
quote 2
cutting taxes, it's not raising taxes. so the point i would make is this is not a tax cut as much as tax certainty: >> let me move to your relationship with president obama. you've been in seven weeks. what can you get done? >> criminal justice reform is one area. getting the appropriations process back on track. >> trade? >> we'll see when we can get that done but that's one thing. we're looking at that. >> that's something you will work with the white house on? >> i haven't made my mind up. i haven't read the entirety of the agreement yet but that's something conceivably that could be done. he's not on the ballot again. there will be other people on the ballot again but i believe the president has succeeded in transforming this country in a direction that it was never supposed to go in the first place. >> you came down hard on donald trump on muslims. you said "this is not conservatism. what was proposed is not what this party stands for and what this country stands for." in many ways you gave cover from other republican
cutting taxes, it's not raising taxes. so the point i would make is this is not a tax cut as much as tax certainty: >> let me move to your relationship with president obama. you've been in seven weeks. what can you get done? >> criminal justice reform is one area. getting the appropriations process back on track. >> trade? >> we'll see when we can get that done but that's one thing. we're looking at that. >> that's something you will work with the white house on?...
0
0.0
Dec 20, 2017
12/17
by
KNTV
quote
eye 0
favorite 0
quote 1
when we tax businesses at higher tax rates than our foreign competitors are taxing theirs, we're losing and they're gaining. what's more important is american businesses are moving overseas. they're not even american companies anymore. this is a trend that has to be reversed. and we know that if we fix these tax laws, we will get reinvestment back in this economy. the anecdotes -- i will tell you every study under the sun shows us, you lower the tax rates, you will see growth in america. >> a lot of people will be counting on that and hoping for that outcome. you have a long time budget hawk. i remember you in 2012, doing campaign events in front of that deficit clock. and it's estimated this tax cut is going to cost $1.46 trillion more to the deficit. i know the theory is, if you have more tax growth, you get more revenues into the coffer and that reduces the deficit. let me put a fine point on it. are you saying that the growth you're going to get from the tax cut will equal the amount it would cost on the deficit side so it's a wash? so you're not adding to the deficit at all because
when we tax businesses at higher tax rates than our foreign competitors are taxing theirs, we're losing and they're gaining. what's more important is american businesses are moving overseas. they're not even american companies anymore. this is a trend that has to be reversed. and we know that if we fix these tax laws, we will get reinvestment back in this economy. the anecdotes -- i will tell you every study under the sun shows us, you lower the tax rates, you will see growth in america....
0
0.0
Jan 6, 2013
01/13
by
KNTV
quote
eye 0
favorite 0
quote 2
but we did save a lot of taxes. the tax issue is behind us. and now we move forward to see if we can get a reluctant president to do something about reducing our excessive spending. >> what do you say about all the division within the republican party? look at the difference between senate republicans, house republicans, the fact that speaker boehner doesn't seem to be in a position to negotiate with the white house any further. that seems to be falling all to you. how much damage does it do to your goals for the government that the republican party seems to be so divided over what you have just done on the fiscal cliff, and continues to be divided over the way forward on taxes and spending? >> well, there are divisions among senate democrats as well. in fact, i don't think there's a bipartisan -- i think there's a bipartisan majority in the senate for not raising taxes further. in other words, taking the same view that i do, which is that the tax issue has been resolved. it's behind us. so there are divisions on both sides. i mean, we can spe
but we did save a lot of taxes. the tax issue is behind us. and now we move forward to see if we can get a reluctant president to do something about reducing our excessive spending. >> what do you say about all the division within the republican party? look at the difference between senate republicans, house republicans, the fact that speaker boehner doesn't seem to be in a position to negotiate with the white house any further. that seems to be falling all to you. how much damage does it...
150
150
Oct 4, 2012
10/12
by
KNTV
tv
eye 150
favorite 0
quote 0
federal income tax, federal payroll tax, state income tax, state sales tax, state property tax, gasoline tax. it added up to well over 50% of what they earned. and your plan is to take the tax rate on successful small businesses from 35% to 40%. the national federation of independent businesses has said that will cost 700,000 jobs. i don't want to cost jobs. my priority is jobs. and so what i do is i bring down the tax rates, lower deductions and exemptions. the same idea behind bowles simpson, by the way, get the rates down, lower exemptions to create jobs. because there's nothing better to get to us a balanced budget than to have more people working, earning more money, paying more taxes. that's by far the most effective and efficient way to get this budget balanced. >> jim, you may want to move on to another topic, but i would just say this to the american people. if you believe that we can cut taxes by $5 trillion and add $2 trillion in additional spending that the military is not asking for, $7 trillion, just to give you a sense over ten years, that's more than our entire defense bu
federal income tax, federal payroll tax, state income tax, state sales tax, state property tax, gasoline tax. it added up to well over 50% of what they earned. and your plan is to take the tax rate on successful small businesses from 35% to 40%. the national federation of independent businesses has said that will cost 700,000 jobs. i don't want to cost jobs. my priority is jobs. and so what i do is i bring down the tax rates, lower deductions and exemptions. the same idea behind bowles simpson,...
147
147
Nov 26, 2012
11/12
by
KNTV
tv
eye 147
favorite 0
quote 0
the use of tax havens to avoid paying taxes in this country is an outrage. we can end it. there's tens of billions of dollars a year involved in closing those kinds of offshore loopholes. >> i'm going to leave it there. senator levin, thank you for being here. hope you had a good holiday. >>> i want to turn to the republican side. peter king of new york. congressman, hope you had a good holiday. good to see you this morning. >> i had a great holiday, especially because notre dame beat southern cal. >> my poor step dad. he is not so happy this morning. >> i don't care about him. >> let me continue on the issue of taxes because this is important. and as i say, it's going to be the defining issue. you hear republican saxby chambliss say it's not going to govern what i do. norquist saying he promised the people of georgia that he would reform the government rather than raise taxes. where do you stand on the pledge? can this be overcome? with revenues be raised? >> first of all, i agree with chambliss. a pledge you signed 20 years ago, 18 years ago, is for that congress. for in
the use of tax havens to avoid paying taxes in this country is an outrage. we can end it. there's tens of billions of dollars a year involved in closing those kinds of offshore loopholes. >> i'm going to leave it there. senator levin, thank you for being here. hope you had a good holiday. >>> i want to turn to the republican side. peter king of new york. congressman, hope you had a good holiday. good to see you this morning. >> i had a great holiday, especially because...
96
96
Feb 20, 2015
02/15
by
KNTV
tv
eye 96
favorite 0
quote 0
>> these are all of the taxes that you are supposed to be paying? >> the pot shops are claiming that the employers are not doing anything wrong and paying all of the taxes, and not in any danger of being shut down by the city. >> reporter: so you pay the taxes? they won't come back on you? >> no. >> and was the information shared there accurate? >> no. incorrect. they are not paying taxes. >> angelique coordinates marijuana businesses for the city of san jose. since 2011 san jose has collected more than $18 million in taxes from pot shops, but from the investigative unit they claim they have more than $2 million in unpaid marijuana tax, penalties and interest. >> reporter: well, $2 million is a lot of money and has the city dropped the ball by not collecting that money? >> well, no, it is the city's goal to eventually pursue that unpaid tax amount. >> reporter: the city's list of noncompliant pot shops including five akctive and operating locations. the sovereign wellness center san jose medicinal group, and the medi mart. >> obviously, we can do be
>> these are all of the taxes that you are supposed to be paying? >> the pot shops are claiming that the employers are not doing anything wrong and paying all of the taxes, and not in any danger of being shut down by the city. >> reporter: so you pay the taxes? they won't come back on you? >> no. >> and was the information shared there accurate? >> no. incorrect. they are not paying taxes. >> angelique coordinates marijuana businesses for the city of...
101
101
Nov 15, 2010
11/10
by
KNTV
tv
eye 101
favorite 0
quote 0
but the middle income tax credits, the families, the child tax credits, the marriage tax credits, all those i would keep. >> that's exactly what president obama says. >> is there a statute of limitations? the economic situation is vastly different today. we are in the midst of the greatest recession in the history of this country since the great depression. it is not the time to raise anyone's taxes. and, by the way, also along with that statement, i said we have to restrain spending, and spending was way out of control at that time. i said, otherwise, we're facing massive deficits and that's what happened. >> should tax cuts on the wealthiest americans only be extended for a temporary period and only if there are corresponding spending cuts? >> i think they should be extended until we're out of this recession. at such time, we could look at other tax hikes. but in this serious recession, i cannot believe that raising taxes is a good thing on anybody. >> is the tax commission a nonstarter, a good starter or something else? >> i think it's a starter. if they don't get the 14 members, a
but the middle income tax credits, the families, the child tax credits, the marriage tax credits, all those i would keep. >> that's exactly what president obama says. >> is there a statute of limitations? the economic situation is vastly different today. we are in the midst of the greatest recession in the history of this country since the great depression. it is not the time to raise anyone's taxes. and, by the way, also along with that statement, i said we have to restrain...
58
58
Jul 18, 2012
07/12
by
KNTV
tv
eye 58
favorite 0
quote 0
now, this is called the vehicle miles traveled tax, for short, vmt, the vmt tax. the average bill would equal about $1,300 a year. a drive from san jose state to at&t park in san francisco would cost $4.95. a trip from jack london square in oakland to the golden gate would run you $1.66. now, every driver we've talked to today says this is not the answer to reducing traffic and pollution, which is the proposal's goal. >> it's one thing if you live in europe or new york or philadelphia, where you have public transportation, but the bay area you have to drive. i think in some places it might work, but here it would be difficult. >> that's ridiculous. that's -- that's too much money. gas is already expensive, and then that would be way too much money. >> reporter: now, all drivers would be subject to this tax, except for those deemed low income. and the miles would be tracked bay gps device that would have to be -- we'd all have to put inside our vehicle. now, the metropolitan transportation commission is spearheading the proposal and according to the "mercury news,"
now, this is called the vehicle miles traveled tax, for short, vmt, the vmt tax. the average bill would equal about $1,300 a year. a drive from san jose state to at&t park in san francisco would cost $4.95. a trip from jack london square in oakland to the golden gate would run you $1.66. now, every driver we've talked to today says this is not the answer to reducing traffic and pollution, which is the proposal's goal. >> it's one thing if you live in europe or new york or...
62
62
Jul 20, 2014
07/14
by
KNTV
tv
eye 62
favorite 0
quote 0
no property tax, no business tax and no sales tax. which means more growth for your business and more jobs. it's not just business as usual. see how new york can help your business grow at start-. >>> the first thing we're going to do is weigh out the coffee, 30 grams. >> with specialty coffee it's all about the craft. precision -- retail -- and flavor. make your coffee about more than the daily grind. >> it's the bloom. >> and consumers are buying it. specialty producers maintain 37% volume share but 50% value share of american coffee cups. so as coffee transitions from the best part of waking up to an affordable luxury, brett smith joins us, president and cofounder of counter culture coffee as a national wholesaler roaster of craft coffee. brett, thanks for being here. >> thanks for having me. >> looking at the numbers more than 60% of americans drink coffee every day more than any other beverage besides water. where does specialty or craft coffee fit into that? >> well, it's really over the last 10 or 15 years it's becoming a bigge
no property tax, no business tax and no sales tax. which means more growth for your business and more jobs. it's not just business as usual. see how new york can help your business grow at start-. >>> the first thing we're going to do is weigh out the coffee, 30 grams. >> with specialty coffee it's all about the craft. precision -- retail -- and flavor. make your coffee about more than the daily grind. >> it's the bloom. >> and consumers are buying it. specialty...
209
209
Aug 8, 2010
08/10
by
KNTV
tv
eye 209
favorite 0
quote 0
if they want to keep all the tax cuts they might be pressed into extending some tax cuts. tough for republicans to do. chris: but if nothing is done, the democrats can say it's the re publicans cutting their taxes. >> some are very wary of this. they understand what john is saying on the politics and erin is saying on the fiscal side but they're scared. chris: what's their fear? >> that a two or three-week debate about taxes is going to -- chris: going to help republicans? >> in part, because the spending has made obama unpopular with some. there are at least three democratic senators, conrad, bayh, and ben nelson, who said they will not vote to let the tax cuts expire even on the wealthy. that makes it procedurally more complicated. talking to them late in the week i'm not convinced that they're hungry to have this keebt -- debate in the senate. the senate democrats scared tv and may try to put it off until after the election. >> you comp the stock market if new york all the time. what's the excuse me --sumption? that the tax cuts are going to continue or to die? >> they'
if they want to keep all the tax cuts they might be pressed into extending some tax cuts. tough for republicans to do. chris: but if nothing is done, the democrats can say it's the re publicans cutting their taxes. >> some are very wary of this. they understand what john is saying on the politics and erin is saying on the fiscal side but they're scared. chris: what's their fear? >> that a two or three-week debate about taxes is going to -- chris: going to help republicans? >>...
108
108
Sep 6, 2010
09/10
by
KNTV
tv
eye 108
favorite 0
quote 0
we don't tax too little. we spend too much. >> is there room on tax cuts? if he extends the tax cuts for a period of a couple of years would that be able to attract republican support? >> it might. there is room to compromise on the death tax. in january it goes back to 55% and at the end of this year it's at zero. maybe you could find a way to compromise on the death tax to have something below 55%. $5 or $6 million exemption for american families that would prevent devastation to small business and family farms. the idea of increasing taxes now makes no sense to most people. the president and his democratic colleagues have increased the deficit and the role of federal government. everything has been so partisan. there was a bipartisan bill on health care. that was rejected. senator mccain had a $450 billion stimulus bill. we didn't go down any of these compromise roads. just big government and more spending and democrats don't have a whole lot to talk about going into november other than more debt and more government. >> let's talk about november and let'
we don't tax too little. we spend too much. >> is there room on tax cuts? if he extends the tax cuts for a period of a couple of years would that be able to attract republican support? >> it might. there is room to compromise on the death tax. in january it goes back to 55% and at the end of this year it's at zero. maybe you could find a way to compromise on the death tax to have something below 55%. $5 or $6 million exemption for american families that would prevent devastation to...
105
105
Dec 12, 2010
12/10
by
KNTV
tv
eye 105
favorite 0
quote 0
cut and the extension of all the tax cuts. he would have loved to have not had the top-end tax cuts extended, but he really had no choice. some democrats are very upset. but i think what you find out is that the democrats will ultimately vote to support this. >> michelle makes the right point. we've got to really see the ax come on spending. michelle, you say there is too much government. you would like to see some departments go away. you would like to see the department of education go away. you would like to see the energy department disappear. why? what would they be replaced with? what is your vision? >> remember, these are actually fairly new departments in the history of the united states, both created under jimmy carter. ronald reagan wanted to get rid of them. the department of energy was created to end our reliance on foreign oil. it has failed completely. the department of education, education has always been a local issue. and it's locally funded. when we pay federal taxes to education, all we're doing is sending i
cut and the extension of all the tax cuts. he would have loved to have not had the top-end tax cuts extended, but he really had no choice. some democrats are very upset. but i think what you find out is that the democrats will ultimately vote to support this. >> michelle makes the right point. we've got to really see the ax come on spending. michelle, you say there is too much government. you would like to see some departments go away. you would like to see the department of education go...
259
259
Jan 25, 2012
01/12
by
KNTV
tv
eye 259
favorite 0
quote 0
and taxes. i'm hoping to make a contribution. but i've been extraordinarily successful. i didn't inherit that money, i made made that money. and in the process, i've put people in jobs. i'm proud of what i do and want to make a contribution to get more people to work. that's one of the reasons i'm running for president. >> what would you say to a fellow wealthy guy, mayor bloomberg of new york made his fortune in the information serves industry. he pays the highest personal income tax rate, 35%. he opposes tax provisions that allows some wealthy individuals to pay a lower rate and went on to say if it were up to him, he would end the concept of so-called curried interest. >> you know, we have a low rate for capital gains, which is roughly 15% tax rate. and there are really two reasons for that. one is that the entities that are taxed at the corporate level pay a 35% rate before the capital gain, which is the 15%. you have two layers of tax, 35 at the corporate, then 15 at the individual for capi
and taxes. i'm hoping to make a contribution. but i've been extraordinarily successful. i didn't inherit that money, i made made that money. and in the process, i've put people in jobs. i'm proud of what i do and want to make a contribution to get more people to work. that's one of the reasons i'm running for president. >> what would you say to a fellow wealthy guy, mayor bloomberg of new york made his fortune in the information serves industry. he pays the highest personal income tax...
39
39
May 2, 2021
05/21
by
KNTV
tv
eye 39
favorite 0
quote 0
they're talking about raising the taxes five times higher than the taxes were cut in 2017. this makes america not competitive around the world. everybody thought that was important at the time. my decision was, in large measure, a personal one. i've been doing this off and on for 30 years, working in four administrations, in congress in both the house and the senate. i'm going to stay involved. for the next couple years, i'll be very engaged in trying to make sure on a bipartisan bases we get things done for the american people and not continue the partisan fights, but figure out how to find that common ground. i think we can. infrastructure is a great example. it's always been bipartisan in the past. republicans proposed the biggest infrastructure plan in the history of congress just last week. we're ready to go. we want to roll up our sleeves and get to work and make america's economy more competitive, not by raising taxes, but by expanding infrastructure. >> senator rob portman, republican from ohio. thanks for coming on. it's nice to have policy exchanges between you, s
they're talking about raising the taxes five times higher than the taxes were cut in 2017. this makes america not competitive around the world. everybody thought that was important at the time. my decision was, in large measure, a personal one. i've been doing this off and on for 30 years, working in four administrations, in congress in both the house and the senate. i'm going to stay involved. for the next couple years, i'll be very engaged in trying to make sure on a bipartisan bases we get...
203
203
Apr 18, 2011
04/11
by
KNTV
tv
eye 203
favorite 0
quote 0
on the tax side, if you look at the way our tax code is structured -- and it's a broken tax code -- we spend hundreds of billions of dollars a year on special tax expenditures, special tax breaks that go to just the top, the wealthiest americans. so, we have plenty of room in this tax code that will result in just a modest increase in the burden on the most fortunate. and if we do that, along with other spending cuts, we can preserve the commitments we made to our seniors, to the disabled, to the poor, and we can still make sure we're investing in education. >> but the president has said that paul ryan's plan is not a serious plan. he's basically said no way, no how on we newing the bush-era tax cuts, and you're talking about working parallel tracks and getting something done. hasn't he completely poisoned the well? look at what happened two weeks ago. >> what we're going to do is what's good for the economy. and we all recognize -- and of course, the president and republican leadership understands this -- that we have to do this together. there's no way -- >> but how do you do that, m
on the tax side, if you look at the way our tax code is structured -- and it's a broken tax code -- we spend hundreds of billions of dollars a year on special tax expenditures, special tax breaks that go to just the top, the wealthiest americans. so, we have plenty of room in this tax code that will result in just a modest increase in the burden on the most fortunate. and if we do that, along with other spending cuts, we can preserve the commitments we made to our seniors, to the disabled, to...
120
120
Apr 18, 2011
04/11
by
KNTV
tv
eye 120
favorite 0
quote 0
why is taxing the rich so hard? americans know we're all going to feel the cuts and what our government can do, no matter what plan is signed. why is ending the bush tax cuts for the wealthy a stumbling block? ending the tax cuts would bring $700 billion over the next 10 years, that's substantial. roughly the same amount obama would get from all his domestic spending cuts. the top tax rate now is 35%. but back in the new deal in the 1930's, it was 79%. understand ike in the 1950's it was 91%. under richard nixon, the top rate was 70%. then things began to come down under reagan, when the top rate was 50%. under george w. bush, down to 35%, where it is. becky, what is this historically low? why is it so hard for the congress, when they get together, to actually raise the top rates back up a bit for the rich? >> because the tax code is a mess right now. if you look at all the deductions that have been taken, if you look at all the loopholes that people and corporations can slide out of, it's a complete mess. chris: wh
why is taxing the rich so hard? americans know we're all going to feel the cuts and what our government can do, no matter what plan is signed. why is ending the bush tax cuts for the wealthy a stumbling block? ending the tax cuts would bring $700 billion over the next 10 years, that's substantial. roughly the same amount obama would get from all his domestic spending cuts. the top tax rate now is 35%. but back in the new deal in the 1930's, it was 79%. understand ike in the 1950's it was 91%....
162
162
Dec 12, 2010
12/10
by
KNTV
tv
eye 162
favorite 0
quote 0
of the tax. it's just not fair. something else. you cannot say you are concerned about the deficit and support giving giant tax cuts on the estates of billionaires or giant tax cuts to millionaires. it's inconsistent. you fight for the values. today, with a mantle in the house, majority in the senate and we control the presidency and we're acting like we have a weak hand. we have the right side of the issues and the numbers and i don't know -- >> it's the question of timing. why it is the president put himself in this position to have to negotiate out of such weakness. what's going to be different in 2012, another political year, to make him think he will prevail in this argument? >> you heard austan goolsbee make the argument, the economy will be in a better position. they are banking everything on that because they think they'll say now we can afford to see those tax rates rise on the wealthiest americans. one of the most potent arguments against letting those wealthiest americans tax cuts expi
of the tax. it's just not fair. something else. you cannot say you are concerned about the deficit and support giving giant tax cuts on the estates of billionaires or giant tax cuts to millionaires. it's inconsistent. you fight for the values. today, with a mantle in the house, majority in the senate and we control the presidency and we're acting like we have a weak hand. we have the right side of the issues and the numbers and i don't know -- >> it's the question of timing. why it is the...
22,968
23K
Nov 27, 2011
11/11
by
KNTV
quote
eye 22,968
favorite 0
quote 1
he believes that raising this tax -- or letting this tax expire does not violate the pledge that people signed, even though raising the bush tax cuts, letting those expire would. it's hard to understand the logic of saying one is a tax increase and one isn't. >> so you predict passage? >> well, i would hope we would pass it. i think it's very hard for republicans to vote against it given their past history of defending the tax cuts for the wealthiest among us. if they don't, if it doesn't pass once, we're going to put it on the floor again and again, and we would be open to other ideas of paying for it if this one fails. >> the other prospect is unemployment benefits. emergency unemployment benefits that would expire at the end of the year. would you push for those to be extended, as well? >> yes, those are very, very important. the economists tell us that unemployment benefits give the most bang for the buck to get this economy going. because, obviously, unemployed people don't have much other money and they spend it and pump the money into the economy. that's essential. and it's also
he believes that raising this tax -- or letting this tax expire does not violate the pledge that people signed, even though raising the bush tax cuts, letting those expire would. it's hard to understand the logic of saying one is a tax increase and one isn't. >> so you predict passage? >> well, i would hope we would pass it. i think it's very hard for republicans to vote against it given their past history of defending the tax cuts for the wealthiest among us. if they don't, if it...
248
248
Oct 17, 2011
10/11
by
KNTV
tv
eye 248
favorite 0
quote 0
it is to have a 9% corporate income tax. 9% personal income tax. 9% sales tax. everything else is gone. >> yes. >> the reality of the plan is that some people pay more, some people pay less. this is how "the washington post" reported it on friday, we'll put it up on the screen. experts see surprise in cain's 9-9-9 plan. the 9-9-9 plan that has helped propel businessman cain to the front of the gop presidential field would stick many poor and middle-class people with a hefty tax increase while cutting taxes for those at the top, tax analysts say. robert and williams, a senior fellow at the nonpartisan tax policy center is working on an analysis of cain's signature oposal. although the plans's details remain sketchy, williams said it would increase taxes for the poor and middle class, despite cain's statemen to the contrary. for starters, about 30 million of the poorest households pay neither income taxes nor social security or medicare levees, so for them, he says, doing away with the payroll tax doesn't save anything and you're adding both a 9% sales tax and a 9
it is to have a 9% corporate income tax. 9% personal income tax. 9% sales tax. everything else is gone. >> yes. >> the reality of the plan is that some people pay more, some people pay less. this is how "the washington post" reported it on friday, we'll put it up on the screen. experts see surprise in cain's 9-9-9 plan. the 9-9-9 plan that has helped propel businessman cain to the front of the gop presidential field would stick many poor and middle-class people with a...
57
57
Dec 29, 2017
12/17
by
KNTV
tv
eye 57
favorite 0
quote 0
. >> new year new tax law the gop tax plan goes into effect in a few days. it's causing confusion with a lot of people rushing to make last minute payments hoping to save money. blaine alexander joins from washington. and blaine i understand the irs issued guidance because of the confusion. >> reporter: well, terry, there had been so many questions in fact the irs put a statement on the website hoping to bring clarity to the situation. now of course the biggest question, should you pay early? well the answer is it depends. a different answer for every person. but here is some guidance to help make that decision. tax professionals may be ringing in the new year busier than usual. the new gop tax law means that starting in 2018 property tax deductions are capped at $10,000. before there was no limit, including state and local taxes. >> does anybody have the checks ready. >> that leaves many scrambling trying to prepay the taxes before year's end to save money. but now the irs says that only works if you have already had your 2018 property tax assessment. tax a
. >> new year new tax law the gop tax plan goes into effect in a few days. it's causing confusion with a lot of people rushing to make last minute payments hoping to save money. blaine alexander joins from washington. and blaine i understand the irs issued guidance because of the confusion. >> reporter: well, terry, there had been so many questions in fact the irs put a statement on the website hoping to bring clarity to the situation. now of course the biggest question, should you...
216
216
Aug 19, 2012
08/12
by
KNTV
tv
eye 216
favorite 0
quote 0
not tax returns. >> is he lying about his tax returns? do you think he didn't pay taxes? >> it's hard to imagine that he would continue to hide and make them the big secret of the campaign whether or not he paid taxes. the only thing we know for sure is one year of returns. we know that he had swiss bank accounts, cayman island accounts and we know under paul ryan's plan he'd actually pay not 13% but he'd pay less than 1%. so i don't know why governor romney won't come out with his fax returns. certainly when he was reviewing the tax returns of vice presidential hopefuls like governor mcdonnell or indeed paul ryan he asked for more than one year tax return. >> is there any evidence to suggest that mitt romney did not pay exactly what he should have paid in taxes under the law? >> well, look, this is what we know. we know -- >> no. >> we know that he has been engaged in tax avoidance schemes with offshore accounts, with -- in the cayman islands and the bahamas. >> you're not suggesting anything unlawful. >> but it is tax avoidance. at a time when our country needs everyone
not tax returns. >> is he lying about his tax returns? do you think he didn't pay taxes? >> it's hard to imagine that he would continue to hide and make them the big secret of the campaign whether or not he paid taxes. the only thing we know for sure is one year of returns. we know that he had swiss bank accounts, cayman island accounts and we know under paul ryan's plan he'd actually pay not 13% but he'd pay less than 1%. so i don't know why governor romney won't come out with his...
62
62
Dec 18, 2017
12/17
by
KNTV
tv
eye 62
favorite 0
quote 0
if you don't know who's paying a tax, don't have that tax. reduce it to 21%. it's a great thing to do, but any company that was paying 35% needed to fire its lawyers and accountan accountants. the fact is, most companies are paying on average about 28% anyway. so, the whole thing here is, they said pass this thing, we will get 3% annual growth. they get that, everyone will forget their complaints about the tax code. >> stephanie, can you run against this tax bill -- >> sure. >> -- as effectively as you claim now, when people, at least temporarily, feel like they're getting a couple bucks back? >> a couple of bucks, compared to what the people at the top 1% of the income chain are getting or corporations. look, i am not saying that corporations don't need a tax cut, but there's a way to do it and pay for it. and there's a way to reform the tax code and make it a little bit more fair. that is not what they've done here. throwing some money for the child -- you know, a couple of dollars for the child care tax credit, people absolutely need that, and that's how yo
if you don't know who's paying a tax, don't have that tax. reduce it to 21%. it's a great thing to do, but any company that was paying 35% needed to fire its lawyers and accountan accountants. the fact is, most companies are paying on average about 28% anyway. so, the whole thing here is, they said pass this thing, we will get 3% annual growth. they get that, everyone will forget their complaints about the tax code. >> stephanie, can you run against this tax bill -- >> sure....
155
155
Aug 1, 2011
08/11
by
KNTV
tv
eye 155
favorite 0
quote 0
tax loopholes, making sure that millionaires and billionaires, large corporations, through tax reform, contribute. what you see the republican party largely wanting to do is ask senior citizens, college students and the middle class to pay all the freight here, and people are outraged by that. everyone's going to have to do their part here. so, in deficit reduction -- and again, this next stage, the first stage is going to be some domestic spending cuts in defense and on defense that both parties largely can come to an agreement on. not easy, but a first stage. second stage is going to be a discussion in congress about things like tax reform and entitlement reform. our view is, things like social security and medicaid, you know, they can't be part of the solution here unless you've got a balanced package that includes tax reform. >> so, we're still at a stalemate when it comes to that, in terms of that second stage. another option that's been talked about and there's been pressure from democrats, is invoking the 14th amendment.cc1: this is a key piece of the 14th 1:ndment, "the validi
tax loopholes, making sure that millionaires and billionaires, large corporations, through tax reform, contribute. what you see the republican party largely wanting to do is ask senior citizens, college students and the middle class to pay all the freight here, and people are outraged by that. everyone's going to have to do their part here. so, in deficit reduction -- and again, this next stage, the first stage is going to be some domestic spending cuts in defense and on defense that both...
153
153
May 21, 2012
05/12
by
KNTV
tv
eye 153
favorite 0
quote 0
at the end of the year the bush tax cuts expire. payroll tax holiday expires. you also have by january of next year $110 billion in the across the board spending cuts that automatically take effect unless there can be an agreement to avoid that. now, speaker boehner spoke this week on the question of raising the debt ceiling. it had to be done last summer. it's going to have to be done again here before the end of the year. and he said we're going to look at this fiscal cliff again and he's going to have some stern demand. this is what he said this week. >> when the time comes, i will again insist. my simple principle of cuts and reforms greater than the debt limit increase. >> senator, how do you react to that? >> i was surprised. i'll tell you why i was surprised. i didn't think speaker boehner wanted to remind the american people what the republicans in the house did to us last year. remember what happened? twice they threatened to shut down the government. and then they went further and said we're going to shut down the economy. they proposed literally defa
at the end of the year the bush tax cuts expire. payroll tax holiday expires. you also have by january of next year $110 billion in the across the board spending cuts that automatically take effect unless there can be an agreement to avoid that. now, speaker boehner spoke this week on the question of raising the debt ceiling. it had to be done last summer. it's going to have to be done again here before the end of the year. and he said we're going to look at this fiscal cliff again and he's...
269
269
Dec 19, 2010
12/10
by
KNTV
tv
eye 269
favorite 0
quote 1
number two, this wasn't just extending the bush-era tax cuts, instead of all the tax cuts for the middle class and all the tax cuts for the poor that were in our legislation, the obama legislation, we came up with a tax cut of 2% for everybody who gets a payroll check and on their -- not the employer, the employee gets a 2% -- for example, someone making 60% a year is going to get another $1,200 on top of the middle-class tax cut. we continued all those tax cuts for the working poor, so-called eitc, earned income tax credits and maybe, most importantly, we were able to extend for another 13 months unemployment insurance for those devastated by this recession. >> what about the prospect of eliminating uncertainty and what may be the first of the 2012 campaign, mitt romney said this doesn't solve the problem. it's not good for committee because businesses understand in a couple of years, these rates are going back up. >> no. look, here is -- businesses don't care about the top-end tax cut except those people making a million buck, those are the ones that care. what the businesses care abou
number two, this wasn't just extending the bush-era tax cuts, instead of all the tax cuts for the middle class and all the tax cuts for the poor that were in our legislation, the obama legislation, we came up with a tax cut of 2% for everybody who gets a payroll check and on their -- not the employer, the employee gets a 2% -- for example, someone making 60% a year is going to get another $1,200 on top of the middle-class tax cut. we continued all those tax cuts for the working poor, so-called...
87
87
Feb 25, 2013
02/13
by
KNTV
tv
eye 87
favorite 0
quote 0
this the only tax. i think we should have no more taxes. we just did a huge amount of taxes. this one is going to raise a lot more money than they realize. a lot of people -- >> fairness. >> change the revenue, change their income to capital gains versus ordinary income and pay much lower tax. one thing i don't think we're talking about very much is the fact that the interest payments on the debt are going to skyrocketo become normalized once again. the former hedge fund manager who a came on the show who you referred to moments ago talking about the fact rates right now are making everything look totally manipulated because they are such low rates. once rates normalize, we're talking $500 billion in interest payments for the united states to actually finance the debt. that's going to make $85 billion look like a drop in the hat. >> when the rates go back up we have $500 billion -- >> it's about the bond market. the bond market is a funny thing. so far the markets have not been reacting to any of this. >> bond markets haven't been reacting. >> at some point, the bond market i
this the only tax. i think we should have no more taxes. we just did a huge amount of taxes. this one is going to raise a lot more money than they realize. a lot of people -- >> fairness. >> change the revenue, change their income to capital gains versus ordinary income and pay much lower tax. one thing i don't think we're talking about very much is the fact that the interest payments on the debt are going to skyrocketo become normalized once again. the former hedge fund manager who...
126
126
Oct 12, 2012
10/12
by
KNTV
tv
eye 126
favorite 0
quote 0
not raising taxes is not cutting taxes and by the way, our budget -- >> we have not raised taxes. >> went up 3% a year instead of 4.5%. >> let me calm down things here just for a minute and i want to talk to you very briefly before we go to closing statements about your own personal character. if you were elected, what could you both give to this country as a man, as a human being, that no one else could? >> honesty. no one else could? there are plenty of fine people who could lead this country. but what you need are people who when they say they're going to do something, they go do it. what you need are when people see problems, they offer solutions to fix those problems. we're not getting that. look, we can grow this economy faster. that's what our five-point plan for a stronger middle class is about. it's good betting 12 million jobs, getting people out of poverty into the middle class. that means going with proven, pro-growth policies that we know works to get people back to work. putting ideas on the table. working with democrats. that actually works sometimes -- >> mr. vice pre
not raising taxes is not cutting taxes and by the way, our budget -- >> we have not raised taxes. >> went up 3% a year instead of 4.5%. >> let me calm down things here just for a minute and i want to talk to you very briefly before we go to closing statements about your own personal character. if you were elected, what could you both give to this country as a man, as a human being, that no one else could? >> honesty. no one else could? there are plenty of fine people who...
278
278
Sep 19, 2011
09/11
by
KNTV
tv
eye 278
favorite 0
quote 0
raising taxes in this economy. that's the kind of sustenance that republicans will feed on and say, we just can't do it. and you've warned against it, as well. you think there's too much emphasis on taxing the rich? >> well, first of all, i believe that the -- that as you look at how we're going to balance this budget, and get a hold of the debt over the long run, clearly eryone has looked at it. all the bipartisan commissions, extremely good work done by alan simpson and erz kin bowles and their commission. they say you've got to have spending cuts and economic growth if you want to bring the budget back into balance. you have to have all three. and the least harmful tax increases are the ones that senator mcconnell, and people who agree with him, hate the most. and that is restoring the tax levels that were through whe i was president for those of us in high income group levels. that's the one that does the least harm. i agree we ought to have corporate tax reform. i agree that in this world, where there's a lot
raising taxes in this economy. that's the kind of sustenance that republicans will feed on and say, we just can't do it. and you've warned against it, as well. you think there's too much emphasis on taxing the rich? >> well, first of all, i believe that the -- that as you look at how we're going to balance this budget, and get a hold of the debt over the long run, clearly eryone has looked at it. all the bipartisan commissions, extremely good work done by alan simpson and erz kin bowles...
1,633
1.6K
Jan 27, 2013
01/13
by
KNTV
quote
eye 1,633
favorite 0
quote 2
this dream line shows you the historic taxes. the red line is tax increases. the red line, where spending is going. spending is the problem. revenues aren't the problem. if you keep chasing higher spending with higher revenues as they're calling for, you're going to hurt economic growth. you'll never catch up. you'll shut down the economy and you won't get the budget down. >> when you were campaigning in virginia, a state you wanted to carry but didn't, you said, look, these sequestration cuts, these automatic spending cuts that are put in place because republicans and democrats can't agree, so you have to have this sword that comes down, you said we're not going to let those happen. those will not happen, those automatic spending cuts. well, now we have a new deadline coming up in a couple of months that says there's going to be more automatic spending cuts, the same ones that were in place before. >> that's right. >> are you going to let those happen? >> if mitt romney and i won the election, they would not have happened because we would have gone and worked
this dream line shows you the historic taxes. the red line is tax increases. the red line, where spending is going. spending is the problem. revenues aren't the problem. if you keep chasing higher spending with higher revenues as they're calling for, you're going to hurt economic growth. you'll never catch up. you'll shut down the economy and you won't get the budget down. >> when you were campaigning in virginia, a state you wanted to carry but didn't, you said, look, these sequestration...
178
178
Sep 23, 2012
09/12
by
KNTV
tv
eye 178
favorite 0
quote 1
that's a tax. 220 million people in this country pay consumption and other taxes, that's a tax. 110 million households pay property tax. that's a tax. the issue is not that people aren't paying taxes, the issue is our tax system needs fundamental reform and he's not addressing it. we need a tax consumption and reduce the taxes on labor, the payroll tax. >> has the president addressed these issues? >> no. >> it feels like the president isn't answering questions either about the issues important to the american people, like job creation. >> i agree. the two parties are now simply engaged in a war of talking points in an artificial debait about hot buttons they can press in ordered to mobilize this or that constituency. sgluf an intriguing idea. you are in favor of a national consumption tax. like a value added tax to replace taxes on corporations. what are you saying? that corporate taxes go away entirely and then you come up with this vat tax? >> i think we need a vat. >> isn't it shifting from corp
that's a tax. 220 million people in this country pay consumption and other taxes, that's a tax. 110 million households pay property tax. that's a tax. the issue is not that people aren't paying taxes, the issue is our tax system needs fundamental reform and he's not addressing it. we need a tax consumption and reduce the taxes on labor, the payroll tax. >> has the president addressed these issues? >> no. >> it feels like the president isn't answering questions either about the...
186
186
Oct 17, 2012
10/12
by
KNTV
tv
eye 186
favorite 0
quote 0
taxes. the reason i want them to have lower taxes is because middle income tax payers have been buried over the past four years. you've seen as middle income people go down $4,300 a family as gasoline prices go up $2,000, health insurance premiums up $2,500, food prices up, utility prices up. the middle income families in america have been crushed over the last four years. i want to get some relief to middle income families. that's part one. now, how about deductions? i'm going to bring rates down across the board for everybody, but i'm going to limit deductions and exemptions and credits particularly for people at the high end, because i am not going to have people at the high end pay less than they're paying now. the top 5% of taxpayers continue to pay 60% of the income tax the nation nation collects. that stays the same. middle income people get a tax break. in terms of bringing down deductions, one way of doing that is to say everybody gets $25,000 of deductions and credits. you can deci
taxes. the reason i want them to have lower taxes is because middle income tax payers have been buried over the past four years. you've seen as middle income people go down $4,300 a family as gasoline prices go up $2,000, health insurance premiums up $2,500, food prices up, utility prices up. the middle income families in america have been crushed over the last four years. i want to get some relief to middle income families. that's part one. now, how about deductions? i'm going to bring rates...
181
181
Jul 25, 2010
07/10
by
KNTV
tv
eye 181
favorite 0
quote 0
what can we do long-term to get fair taxes, simple taxes, structure, innovation. i think the idea we'll fix the economy on fiscal policy on the next six months or a year is hellacious. >> last time i walked through streets of harlem charlie rangel has incredible support. let's not prejudge charlie rangel. he has a right to be heard and we need to hear his side of the story. he's a great congressman and great american. >> anita dunn, the last thing democrats want right now is full airing of ethics charges against one of their members when congress rates at 11% approval. >> you're arguing it could go lower? i think that we have to think about what marc morial just said. the reality is we should listen to him in context before we judge. >> all right. we'll leave it there. thank you all. pretty spirited discussion. we'll be right back. at oppenheimerfunds, our fund managers' perspective on the numbers helps uncover opportunities no matter which way the markets are moving. ask your advisor about oppenheimerfunds. call your advisor for a prospectus with complete fund in
what can we do long-term to get fair taxes, simple taxes, structure, innovation. i think the idea we'll fix the economy on fiscal policy on the next six months or a year is hellacious. >> last time i walked through streets of harlem charlie rangel has incredible support. let's not prejudge charlie rangel. he has a right to be heard and we need to hear his side of the story. he's a great congressman and great american. >> anita dunn, the last thing democrats want right now is full...
53
53
Aug 14, 2011
08/11
by
KNTV
tv
eye 53
favorite 0
quote 0
lowered their tax rate. we have the highest tax rates. if you look at the top 100 companies in the united states besides ge, they are paying very high taxes. >> is there a point this is a tough argument now to make that lower the corporate tax rate at a time of such deficits? i'm not saying lower collections, lower the corporate tax rate. we need broad tax reform in the united states, look at exclusions, what people are paying on and so forth. >> i'm kind of guilty of watching msnbc too much. one number that jumps out at me is 2$2.5 trillion in cash corporations are sitting on amidst the stock market teetering and jobs being lost. that's what the consumer here is repeatedly -- >> that's absolutely true. if you're a ceo, you have a fudiciary respond to your shareholders and employees not the united states. when you're sitting there in your fudiciary role as ceo your job is not to create jobs because the president tells you to, your job is to -- >> you're interested in your own country so to speak, your thousa
lowered their tax rate. we have the highest tax rates. if you look at the top 100 companies in the united states besides ge, they are paying very high taxes. >> is there a point this is a tough argument now to make that lower the corporate tax rate at a time of such deficits? i'm not saying lower collections, lower the corporate tax rate. we need broad tax reform in the united states, look at exclusions, what people are paying on and so forth. >> i'm kind of guilty of watching msnbc...
58
58
Oct 29, 2017
10/17
by
KNTV
tv
eye 58
favorite 0
quote 0
and somehow that's going to increase taxes -- >> not if you do tax reform. it's not just tax cuts, it's tax reform. >> but it is hard for people to believe that, that somehow paying less into the government will increase money into the government. >> i think most people believe the tax code is hopelessly broken, which it is. >> i think they agree with that. >> we have a tax code that encourages jobs and investment to go overseas and this reverses all of that. it will result in more investment coming to this country, more economic activity. everybody who looks at this tax reform proposal will be able to say i think across the spectrum, this is going to change behavior, and it's going to change behavior in a way that encourages job creation and economic growth. the question is how much. my view is this is pretty conservative because it's saying just a slight increase, again, 0.4%, we just had two quarters of 3% economic growth and this tax reform will help encourage that. i think at the end of the day this will be reducing the deficit because it's going to fin
and somehow that's going to increase taxes -- >> not if you do tax reform. it's not just tax cuts, it's tax reform. >> but it is hard for people to believe that, that somehow paying less into the government will increase money into the government. >> i think most people believe the tax code is hopelessly broken, which it is. >> i think they agree with that. >> we have a tax code that encourages jobs and investment to go overseas and this reverses all of that. it...
444
444
Dec 5, 2010
12/10
by
KNTV
tv
eye 444
favorite 0
quote 2
tax reform. in the republican party, republicans like paul ryan are campaigning within the republican caucus for serious entitlement reform. pushback from the leadership, obviously. the level of the private conversations, which are more inspiring than what we see. >> what do we do -- what does it do for the country if we have inspiring private conversations? >> today was important that he was willing to sit down. the willingness -- i thought what he said today was quite newsworthy. he didn't commit himself to too much. he was willing to have a meeting. you don't say that unless you're willing to put a lot of stuff on the table. >> it has to start on the inside and has to be forced on the voters. it's easy to say in a poll you want all this sacrifice. most of the time, voters look at sacrifice, grab the person suggesting it and grab him in a wood chipper. politicians are turned into voters. the retired politicians are 5-1 for it. active politicians were split 50/50. this is where it begins inside.
tax reform. in the republican party, republicans like paul ryan are campaigning within the republican caucus for serious entitlement reform. pushback from the leadership, obviously. the level of the private conversations, which are more inspiring than what we see. >> what do we do -- what does it do for the country if we have inspiring private conversations? >> today was important that he was willing to sit down. the willingness -- i thought what he said today was quite newsworthy....
48
48
Apr 21, 2014
04/14
by
KNTV
tv
eye 48
favorite 0
quote 0
tax system only taxes overseas earnings of u.s.-chartered companies. what jared is proposing is that we need to beef up the taxation of those u.s.-chartered companies on their foreign earnings in the hope that they'll invest at home instead of abroad. but the problem is that investments can also be done through foreign-chartered companies. those would remain completely tax free as long as they're investing abroad. >> if you really want to make it a much more fair system particularly for small businesses who can't afford to have legions of accountants looking through things, isn't the solution to come up with a simpler, broader, more realistic tax form that doesn't allow a lot of the loopholes to begin with? maybe lower the rates but make it much more difficult to take off anything that you can start writing off or crazy loopholes that exist right now. >> look, i for one totally agree with that. and so one of the ways to do that was to just have a minimum tax on foreign earnings boom. that's the end of it. at the same time you're right. close the loopho
tax system only taxes overseas earnings of u.s.-chartered companies. what jared is proposing is that we need to beef up the taxation of those u.s.-chartered companies on their foreign earnings in the hope that they'll invest at home instead of abroad. but the problem is that investments can also be done through foreign-chartered companies. those would remain completely tax free as long as they're investing abroad. >> if you really want to make it a much more fair system particularly for...
181
181
Jun 6, 2012
06/12
by
KNTV
tv
eye 181
favorite 0
quote 0
measure s would impose a new tax on each parcel. tax would last ten years and would possibly add additional paramedic services. the district is nearly $4 million into the red. if the partial tax does not pass, it might have to lay off part of the firefighting force, and three of the six firestations, which could include brentwood, bynen and park. >> i think it will be a hard check for the politicians and the public. it's not going to be what everybody wants. but we have to start cutting back. >> if measure s is approved, which is not looking likely right now, the parson tax would begin on july 1st and end in 2023. the maximum amount the tax could be increased is 3% per year. we'll keep a close eye on the numbers and keep you posted. >> thank you. >>> no surprise, mitt romney walking away with the win in california, as the republican presidential nominee. president obama will be back in the bay area tomorrow, for two fund-raisers in the financial district. air force one will touch down at 11:40. and depart for los angeles a few hours
measure s would impose a new tax on each parcel. tax would last ten years and would possibly add additional paramedic services. the district is nearly $4 million into the red. if the partial tax does not pass, it might have to lay off part of the firefighting force, and three of the six firestations, which could include brentwood, bynen and park. >> i think it will be a hard check for the politicians and the public. it's not going to be what everybody wants. but we have to start cutting...
404
404
Sep 20, 2011
09/11
by
KNTV
tv
eye 404
favorite 0
quote 0
so they are taxed at an investment rate which is lower than the tax rate you and i pay. we get a paycheck every two weeks. that's ordinary income. it is taxed at a higher rate. >> for the people -- we'll let the politics of this play out, but you hear cynics say if that's the case will they ever get at it? will people just lawyer up, hire better lawyers and continue to -- to use the bad word for it -- hide the money from the government? >> i think that's open for debate. the way that the super rich move money into different investments is all legal. it's all above board, but it does indicate that the whole tax system probably needs to be revamped to make it more equitable all the way around. now there is a down side to higher taxes for the super rich. many people feel it could have a chilling effect on economic growth. that, in essence, those super rich people tend to invest more whether it's on wall street or whether it's in businesses. they take more risk. if they feel they have less money they may slow that down. >> that's the counter argument we get to watch play out
so they are taxed at an investment rate which is lower than the tax rate you and i pay. we get a paycheck every two weeks. that's ordinary income. it is taxed at a higher rate. >> for the people -- we'll let the politics of this play out, but you hear cynics say if that's the case will they ever get at it? will people just lawyer up, hire better lawyers and continue to -- to use the bad word for it -- hide the money from the government? >> i think that's open for debate. the way...
157
157
Sep 24, 2012
09/12
by
KNTV
tv
eye 157
favorite 0
quote 0
tax rate. does it make it harder for governor romney to reach out to average americans and say i get you. i i'm vote for me. >> he tried. we talked about the stimulus. they staid they would be below 6%. we have had 43 straight months in a raise on unemployment. the lowest labor participation rate, people are leaving the work force. where governor romney is saying we wants opportunity and upward mobility for that mother. >> it's not something we saw out of the speech. in context let's play a portion of that and see exactly what his vision was. watch. >> all right, 47% who are with him, who are depend enlt upon government who believe that they are victims and who believe the government has a response kt to them and believe they are entitled to housing and food. you name it. it's an entitlement. they will vote for this president no matter what. i won't get those votes. >> senator, they see themselves as victims. he says he's really for the 100% in america. is anybody going to buy that given that d
tax rate. does it make it harder for governor romney to reach out to average americans and say i get you. i i'm vote for me. >> he tried. we talked about the stimulus. they staid they would be below 6%. we have had 43 straight months in a raise on unemployment. the lowest labor participation rate, people are leaving the work force. where governor romney is saying we wants opportunity and upward mobility for that mother. >> it's not something we saw out of the speech. in context...
62
62
Nov 19, 2017
11/17
by
KNTV
tv
eye 62
favorite 0
quote 0
taxes. it's sort of like saying if you sold this coffee mug last year and sold 100 of them for $5, this year you lower them to $4, do you think you might sell more. that's dynamic scoring, which is what the cbo scoring and so many other outside groups that scored this have used. so we're absolutely confident that this will lead to economic growth. it's built into our models of the office of management and budget, the council of economic advisers looks at it as well. yeah, to the extent it's a gimmick, a lot of this is a gimmick. obamacare was a gimmick to get through these rules in the senate. what you should really be looking at is the policies themselves. we think these are excellent policie policies. >> take a look at what economists have said in the past. douglas holtz-eakin said there's no evidence that the tax cuts pay for themselves. jared bernstein, a democratic economist working for joe biden said cutting taxes loses revenues. greg mancue for bush 43 said about one-third of the cost
taxes. it's sort of like saying if you sold this coffee mug last year and sold 100 of them for $5, this year you lower them to $4, do you think you might sell more. that's dynamic scoring, which is what the cbo scoring and so many other outside groups that scored this have used. so we're absolutely confident that this will lead to economic growth. it's built into our models of the office of management and budget, the council of economic advisers looks at it as well. yeah, to the extent it's a...